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Rental Leasing Services

Hertz Global Holdings Inc., (NYSE: HTZ) is a publicly-traded company and one of the world's leading rental car companies. The company's history dates back to 1918, when it was founded in Chicago, Illinois. Today, Hertz operates in approximately 12,000 locations in 150 countries, including North America, Europe, Latin America, Asia, Australia, Africa, the Middle East, and New Zealand. The company's primary brands are Hertz, Dollar, Thrifty, and Firefly.

As of 2021, Hertz reported total revenues of $5.9 billion, a significant decrease from $9.2 billion in 2019, largely due to the impact of the COVID-19 pandemic on the travel industry. In the first quarter of 2021, Hertz reported a net loss of $343 million compared to a net loss of $178 million in the same period in 2020.

However, Hertz has been working to reorganize and emerge from bankruptcy after filing for Chapter 11 protection in May 2020. The company successfully completed its financial restructuring and emerged from bankruptcy in June 2021, with a significantly reduced debt load and a stronger balance sheet.

Despite the challenges the company has faced, analysts remain optimistic about Hertz's long-term growth prospects. The company's significant market share, global presence, and brand recognition position it well for a recovery as travel demand rebounds. Additionally, Hertz has been investing in new technologies, such as electric and autonomous vehicles, which could provide significant growth opportunities in the future.

Investors should be aware that investing in the stock market always carries risk, and it's important to conduct thorough research and consult with a financial advisor before making investment decisions. While Hertz's recent financial performance has been impacted by the pandemic, the company's long-term growth prospects and strategic initiatives make it a company to watch in the coming years.